DWS Invest ESG Multi Asset Defensive LD

This sub-fund promotes environmental and social characteristics and qualifies as product in accordance with article 8(1) of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”). While the sub-fund does not have as its objective a sustainable investment, it will invest a minimum proportion of its assets in sustainable investments as defined by article 2 (17) SFDR. The objective of the investment policy of the sub-fund is to achieve a positive mid- to long-term investment performance taking in account the opportunities and risks of the international capital markets. The defensive character of the strategy is achieved through an overweighting of fixed income investments and a limitation of equity investments. The sub-fund is actively managed and is not managed in reference to a benchmark.